Former athletes joining sports ownership groups
After their playing days are over, several former athletes still want to compete, but in a different way.
Former athletes are increasingly venturing into sports ownership, with many aiming for championship victories in a new capacity. The WNBA, NBA, NBA G League, MLS, English soccer, and Major League Baseball are among the leagues where former and current players hold stakes in various teams. Notable examples include Michael Jordan, Sue Bird, Tom Brady, Alex Rodriguez, David Beckham, Renee Montgomery, Magic Johnson, Dwyane Wade, and Mario Lemieux.
Jordan, Bird and Montgomery are the first former players to become majority owners, while Brady, Rodriguez and Lemieux are notable minority owners. These athletes brought their leadership and sportsmanship to the ownership world, demonstrating their continued passion for the game beyond their playing careers.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
